Zacks Investment Research upgraded shares of ALLIED NEV GOLD (ANV) from NEUTRAL to OUTPERFORM on January 11, 2013, with a target price of $32.40.
ALLIED NEVADA GOLD CORP. is engaged in the evaluation, acquisition, exploration and advancement of gold exploration and development projects in Nevada. The Management works to identify opportunities to improve the value of our gold projects through exploration drilling and/or introducing technological innovations. The goal of this work is to move properties into development and, ultimately, into production. Management's strategy is to use the best available management, technical expertise and geologic talent to expand existing discoveries and, where feasible, to develop these properties into producing high-quality mines or significant royalty streams. In addition to the properties that Allied Nevada owns or has an interest in, Management will pursue additional opportunities in advanced stage exploration projects or producing mines.
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